SOURCE: Cerveceria Nacional Dominicana

March 03, 2008 09:12 ET

Cervecería Nacional Dominicana, C. por A. Announces Extension of Early Tender Time and Withdrawal Deadline in Connection With Its Tender Offer for 8.000% Senior Notes Due 2014 and Completion of the Audit of Its Financial Statements for the Year Ended December 31, 2007

SANTO DOMINGO, DOMINICAN REPUBLIC--(Marketwire - March 3, 2008) - Cervecería Nacional Dominicana, C. por A. (the "Company") announced today, that in connection with its previously announced cash tender offer (the "Tender Offer") for up to $130,000,000 aggregate principal amount of the outstanding US$205,001,000 8.000% Senior Notes due 2014 (the "Notes") (CUSIP 157107AB9, P24028AB1 / ISIN US157107AB 98, USP24028AB16 / Common Codes 029364761, 029375950) it had extended each of the "Early Tender Time" and the "Withdrawal Deadline" from 5:00 p.m. New York City time on Friday, February 29, 2008 until 5:00 p.m., New York City time on Tuesday, March 4, 2008. As of 5:00 p.m. New York City time, on Friday, February 29, 2008, US$110,055,000 aggregate principal amount of Notes had been tendered pursuant to the Tender Offer.

The Company also announced that its auditors had completed their audit of the Company's financial statements for the year ended December 31, 2007 (the "Financial Statements").

The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, dated February 15, 2008, of the Company (the "Offer to Purchase"). The Offer to Purchase is hereby amended and supplemented to incorporate by reference the Financial Statements. Except as described above, the terms and conditions of the Tender Offer set forth therein remain unchanged. Holders of Notes who have already tendered in the Tender Offer are not required to take any further actions as a result of these extensions.

The Company has engaged Standard Bank Plc to act as dealer manager in connection with the Tender Offer. The Company has engaged Bondholder Communications Group to act as information and tender agent in connection with the Tender Offer. Any questions or requests for assistance may be directed to Standard Bank Plc. at +44(0)20 78153142 or to its affiliate Standard New York Securities Inc. (212) 407-5174. Requests for documentation (including the Financial Statements) may be directed to Bondholder Communications Group, the information and tender agent for the Tender Offer, attention Chloe Daniels at cdaniels@bondcom.com or by calling (212) 809-2663 (New York Office) or +44(0)20 73824580 (London Office). Documents can also be obtained by accessing the information and tender agent's website for the Tender Offer: www.bondcom.com/cnd.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Tender Offer is being made solely by the Offer to Purchase dated February 15, 2008, as supplemented by this press release.

The Tender Offer is not being made in Italy.

The applicable provisions of the United Kingdom's Financial Services and Markets Act of 2000 must be complied with in respect of anything done in relation to the Tender Offer in, from or otherwise involving the United Kingdom.

The Offer to Purchase is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the Offer to Purchase relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on the Offer to Purchase or any of its contents.

Contact Information

  • Contact:
    Bondholder Communications Group
    Chloe Daniels
    212-809-2663